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May 9, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Wayzata, Business Loans > Anchor Bank Wayzata Business Loans > Crowns And Closures Loan | ||||
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Minnesota Bank SBA Loans
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SBA Loan from Anchor Bank Helps Crowns And Closures CompanyAn SBA loan from Anchor Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Saint Paul, Minnesota business owner got a $131,300 loan. This small firm knew how to go about getting a business bank loan. Based in Saint Paul, Minnesota, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Anchor Bank, based in Wayzata, Minnesota. SBA Loan Borrower COMPANY TYPE: CROWNS AND CLOSURES SBA Loan Lender ANCHOR BANK This small business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3466 - Crowns and Closures NAICS Code 332115 - Crown and Closure Manufacturing Loan Approval Date 4/21/2000 Loan Approval Gross Amount $131,300 Loan Approval from the SBA Of the total $131,300 loan amount, the SBA guaranteed $98,475. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 19 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA 7A Banks for Wayzata, Minnesota Loans Getting a Business Loan in Minnesota
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